BRIEF: Moutai shelves ice cream as hype fades
Moutai Ice Cream, once a highly sought product from China’s most famous liquor maker, has sharply cut back or even ceased production as its popularity quickly faded after recent initial…
Luckin Coffee profits get added kick from liquor-laced lattes
With a boozy new brew, the once scandal-tainted coffee chain has boosted its quarterly earnings and store numbers despite a brutal price war Key Takeaways: Luckin Coffee’s revenue and profit…
Luckin ignites China-style ‘coffee war’ with fiery Moutai latte
The formerly scandal-tainted company’s shares rose 5% after its launch of a new drink co-branded with China’s most famous traditional liquor maker Key Takeaways: Luckin Coffee launched a fiery latte…
